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Lot
2083

1803 $1 Small 3 MS64 NGC....

2008 April Rosemont, IL (CSNS) Signature Coin Auction #1104

 
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Auction Ended On: Apr 17, 2008
Item Activity: 13 Internet/mail/phone bidders
1,165 page views
Location: Rosemont, IL
Description:
Gorgeous 1803 B-5, BB-252 Dollar, MS64
1803 $1 Small 3 MS64 NGC. B-5, BB-252, R.3. Die State I, the usual state as always seen on this die combination. The obverse die was only used for 1803 B-5, while the reverse die was used for seven varieties in 1801, 1802, and 1803. Although the reverse die remained in a constant state for all examples of B-5, it went through several stages or states during its life. The present variety represents the final use of the reverse die, with cloud 6 almost entirely missing.
Approximately 400 examples of this variety have survived in all grades, according to its current rarity factor, but nearly all of the survivors grade less than AU. This piece is finer than any others that we are aware of, and is almost certainly the finest known example of the variety. Called the May Sale specimen, it was merely graded Brilliant Uncirculated in the Stack's catalog, as is listed in Bowers' Notable Specimens as MS60. Two examples are recorded as MS63 NGC, and ranked first in that list.
Called a "top-drawer specimen" by Stack's, this near-Gem has brilliant and frosty silver surfaces with exceptional gold and iridescent toning near the borders. The overall appearance is similar to many old-time collection coins with delicate, original surfaces. The central design elements are a tad weak, but the balance of details are fully defined, including complete obverse and reverse borders.
Ex: Stack's (5/1991), lot 593.
From The Queller Family Collection of Silver Dollars.
(Variety PCGS# 40097, Base PCGS# 6900)

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